12 Questions
Explain the startup India scheme in brief.
The Startup India scheme is an initiative launched by the Government of India to promote and support entrepreneurship, innovation, and job creation in the country.
What are the objectives of the startup India scheme?
The objectives of the Startup India scheme include fostering a culture of innovation, creating a conducive environment for startups, and providing various benefits such as tax exemptions and funding support.
What support does the startup India scheme offer to startups?
The Startup India scheme offers support to startups in the form of tax benefits, self-certification compliance, easier patent filing, and access to funding and incubation facilities.
Match the following with their components under the startup India scheme:
Seed Funding = Up to 20% tax exemption on investments above fair market value Innovation & Research = Facilitation in filing of patents and trademarks Mentorship = Access to a network of industry mentors Compliance Regime = Self-certification based compliance for 6 labor and 3 environmental laws
Match the following with their initiatives under the startup India scheme:
Startup India Hub = Single point of contact for the entire startup ecosystem Atal Innovation Mission = Promotion of innovation hubs and rural incubation centers Credit Guarantee Fund = Scheme to provide funding support to startups National Startup Advisory Council = Advisory body for policy making in India's startup ecosystem
Match the following with their eligibility criteria under the startup India scheme:
Startup Recognition = Incorporated as a private limited company or registered as a partnership firm or LLP Funding Support = Innovative and scalable business model with high potential for wealth and employment generation Tax Exemption = Certification from Inter-Ministerial Board, set up for this purpose Legal Support = Less than 10 years since its incorporation
Match the following with their aims under the Startup India scheme:
Easy exit = Encouraging startups to innovate and create jobs Funding support = Facilitating a favorable startup ecosystem Innovation promotion = Providing benefits to startups Mentorship = Assisting startups in funding and growth
Match the following with their benefits under the Startup India scheme:
Tax exemption = Promotion of innovation and entrepreneurship Patent support = Encouraging startups to generate employment Reduced compliance burden = Supporting innovation and technology development Public procurement preference = Facilitating ease of doing business for startups
Match the following with their focus areas under the Startup India scheme:
Women entrepreneurship = Promoting ease of starting a business Rural areas = Encouraging innovation and job creation Minority communities = Fostering a culture of entrepreneurship Student startups = Supporting specific segments of the population in entrepreneurship
Match the following with their aims under the Startup India scheme:
Promote entrepreneurship = Encouraging startups to generate employment opportunities Innovation = Fostering a culture of innovation and creating sustainable economic growth Ease of doing business = Reducing regulatory burden and providing a favorable business environment Access to funding = Facilitating access to funding for startups
Match the following with their initiatives under the Startup India scheme:
Startup India Hub = Single point of contact for the entire startup ecosystem to enable knowledge exchange and access to funding Legal support and fast-tracking patent examination = Providing assistance for filing patents and fast-tracking the examination process Credit guarantee fund for startups = Offering financial support and credit facilities for startups Tax exemption = Providing tax benefits to startups for a specified period
Match the following with their components under the Startup India scheme:
Startup India Action Plan = Comprehensive policy framework outlining various initiatives for promoting startups Startup India Seed Fund Scheme = Supporting early-stage funding requirements of startups National Credit Guarantee Trust Company (NCGTC) = Implementing Credit Guarantee Fund Scheme for Startups (CGFS) SIDBI Fund of Funds (FFS) = Contributing to various Alternative Investment Funds (AIFs) that in turn invest in startups
Learn about the objectives and support offered by the Startup India scheme. Discover how this initiative aims to promote entrepreneurship and innovation in India.
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